Residual Market Loading

Need Personal or Business Insurance?

Request A Quote

What does Residual Market Loading mean? Read on to discover the definition & meaning of the term Residual Market Loading - to help you better understand the language used in insurance policies.

Residual Market Loading

Residual Market Loading

A multiplicative factor applied to retrospectively rated workers compensation plans. Its purpose is to compensate insurers for the losses sustained when writing workers compensation risks in the residual market.

More Insurance Terms And Definitions

The Merriam-Webster Dictionary defines insurance as:

a: The business of insuring persons or property.

b: Coverage by contract whereby one party undertakes to indemnify or guarantee another against loss by a specified contingency or peril.

c: The sum for which something is insured.

We hope the you have a better understanding of the meaning of Residual Market Loading. If you are looking for the meanings of other important insurance terms and their definitions, just click on the letter below to find the words & concepts you are looking for:

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z

Want A Business or Personal Insurance Quote?

Request A Quote

Contact EK Insurance to discuss how much the insurance you want costs.